A10668 Summary:
BILL NO | A10668 |
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SAME AS | SAME AS S07413-A |
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SPONSOR | Gjonaj |
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COSPNSR | Wright |
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MLTSPNSR | |
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Amd §47, Priv Hous Fin L; amd §2407, Pub Auth L | |
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Relates to increasing the amount of bond and note authorization totals that may be made by certain agencies. |
A10668 Actions:
BILL NO | A10668 | |||||||||||||||||||||||||||||||||||||||||||||||||
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06/10/2016 | referred to housing | |||||||||||||||||||||||||||||||||||||||||||||||||
06/15/2016 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/15/2016 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | rules report cal.473 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | ordered to third reading rules cal.473 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2016 | SUBSTITUTED FOR S7413A | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2016 | 3RD READING CAL.2000 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2016 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/17/2016 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
07/13/2016 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
07/21/2016 | signed chap.163 |
A10668 Committee Votes:
Wright | Aye | Fitzpatrick | Aye | ||||||
Cook | Aye | Raia | Aye | ||||||
Robinson | Aye | Friend | Nay | ||||||
Rosenthal | Aye | Graf | Nay | ||||||
Kavanagh | Aye | Johns | Aye | ||||||
Kearns | Aye | Katz | Nay | ||||||
Moya | Aye | Walter | Aye | ||||||
Rodriguez | Aye | Castorina | Aye | ||||||
Sepulveda | Excused | ||||||||
Mosley | Aye | ||||||||
Kim | Excused | ||||||||
Pichardo | Absent | ||||||||
Linares | Aye | ||||||||
Walker | Aye | ||||||||
Joyner | Aye | ||||||||
Blake | Aye | ||||||||
Dilan | Aye | ||||||||
Bichotte | Aye | ||||||||
Davila | Aye | ||||||||
Cancel | Aye | ||||||||
Farrell | Aye | Oaks | Aye | ||||||
Lentol | Aye | Crouch | Aye | ||||||
Schimminger | Aye | Barclay | Aye | ||||||
Gantt | Aye | Fitzpatrick | Aye | ||||||
Weinstein | Aye | Saladino | Aye | ||||||
Glick | Aye | Hawley | Aye | ||||||
Nolan | Excused | Duprey | Aye | ||||||
Pretlow | Aye | Corwin | Aye | ||||||
Perry | Aye | Malliotakis | Nay | ||||||
Colton | Aye | Walter | Aye | ||||||
Cook | Aye | ||||||||
Cahill | Aye | ||||||||
Aubry | Aye | ||||||||
Hooper | Aye | ||||||||
Thiele | Aye | ||||||||
Wright | Aye | ||||||||
Cusick | Aye | ||||||||
Ortiz | Aye | ||||||||
Benedetto | Aye | ||||||||
Markey | Excused | ||||||||
Moya | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Aye | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
Heastie | Aye | Kolb | Aye | ||||||
Gottfried | Aye | Tedisco | Aye | ||||||
Lentol | Aye | Oaks | Aye | ||||||
Farrell | Aye | Butler | Aye | ||||||
Gantt | Aye | Crouch | Aye | ||||||
Nolan | Aye | Finch | Excused | ||||||
Weinstein | Aye | Barclay | Aye | ||||||
Hooper | Aye | Raia | Aye | ||||||
Ortiz | Aye | Duprey | Aye | ||||||
Pretlow | Aye | ||||||||
Cook | Aye | ||||||||
Glick | Aye | ||||||||
Morelle | Aye | ||||||||
Aubry | Aye | ||||||||
Englebright | Aye | ||||||||
Wright | Excused | ||||||||
Dinowitz | Aye | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Aye | ||||||||
Markey | Aye | ||||||||
Go to top
A10668 Floor Votes:
Yes
Abbate
Yes
Crespo
Yes
Gottfried
No
Lopez
Yes
Palumbo
Yes
Simon
Yes
Abinanti
Yes
Crouch
Yes
Graf
Yes
Lupardo
Yes
Paulin
Yes
Simotas
Yes
Arroyo
Yes
Curran
Yes
Gunther
Yes
Lupinacci
Yes
Peoples-Stokes
Yes
Skartados
Yes
Aubry
Yes
Cusick
Yes
Harris
Yes
Magee
Yes
Perry
Yes
Skoufis
Yes
Barclay
Yes
Cymbrowitz
Yes
Hawley
Yes
Magnarelli
Yes
Pichardo
Yes
Solages
Yes
Barrett
Yes
Davila
Yes
Hevesi
No
Malliotakis
Yes
Pretlow
Yes
Stec
Yes
Barron
Yes
DenDekker
Yes
Hikind
Yes
Markey
Yes
Quart
Yes
Steck
Yes
Benedetto
Yes
Dilan
Yes
Hooper
Yes
Mayer
Yes
Ra
Yes
Stirpe
Yes
Bichotte
Yes
Dinowitz
Yes
Hunter
Yes
McDonald
Yes
Raia
Yes
Tedisco
Yes
Blake
ER
DiPietro
Yes
Hyndman
Yes
McDonough
Yes
Ramos
No
Tenney
Yes
Blankenbush
Yes
Duprey
Yes
Jaffee
Yes
McKevitt
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Englebright
Yes
Jean-Pierre
Yes
McLaughlin
Yes
Rivera
Yes
Titone
Yes
Braunstein
Yes
Fahy
Yes
Johns
Yes
Miller
Yes
Robinson
Yes
Titus
ER
Brennan
Yes
Farrell
Yes
Joyner
No
Montesano
Yes
Rodriguez
Yes
Walker
Yes
Brindisi
ER
Finch
ER
Katz
Yes
Morelle
Yes
Rosenthal
Yes
Walter
Yes
Bronson
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Mosley
Yes
Rozic
Yes
Weinstein
Yes
Buchwald
No
Friend
Yes
Kearns
Yes
Moya
Yes
Russell
Yes
Weprin
Yes
Butler
Yes
Galef
ER
Kim
Yes
Murray
Yes
Ryan
Yes
Williams
Yes
Cahill
Yes
Gantt
Yes
Kolb
No
Nojay
Yes
Saladino
No
Woerner
Yes
Cancel
Yes
Garbarino
No
Lalor
Yes
Nolan
Yes
Santabarbara
Yes
Wozniak
No
Castorina
Yes
Giglio
Yes
Lavine
Yes
Oaks
Yes
Schimel
ER
Wright
Yes
Ceretto
Yes
Gjonaj
Yes
Lawrence
Yes
O'Donnell
Yes
Schimminger
Yes
Zebrowski
Yes
Colton
Yes
Glick
Yes
Lentol
Yes
Ortiz
Yes
Seawright
Yes
Mr. Speaker
Yes
Cook
Yes
Goldfeder
Yes
Lifton
Yes
Otis
Yes
Sepulveda
Yes
Corwin
No
Goodell
Yes
Linares
Yes
Palmesano
Yes
Simanowitz
‡ Indicates voting via videoconference
A10668 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 10668 IN ASSEMBLY June 10, 2016 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Gjonaj, Wright) -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law and the public authori- ties law, in relation to providing an increase in bond and note authorization The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (c) of subdivision 1 of section 47 of the private 2 housing finance law, as amended by chapter 85 of the laws of 2015, is 3 amended to read as follows: 4 (c) The agency shall not issue bonds and notes other than state 5 university construction bonds and state university construction notes, 6 hospital and nursing home project bonds and hospital and nursing home 7 project notes, health facilities bonds and health facilities notes, 8 youth facilities project bonds and youth facilities project notes, 9 community mental health services and mental retardation services project 10 bonds and community mental health services and mental retardation 11 services project notes, community senior citizens services project notes 12 or community senior citizens services project bonds and mental hygiene 13 improvement bonds and mental hygiene improvement notes and bonds and 14 notes for the housing program for any of its corporate purposes in an 15 aggregate principal amount exceeding [twenty-one] twenty-four billion 16 [seven] two hundred eighty million dollars, excluding bonds and notes 17 issued to refund outstanding bonds and notes. 18 §2. Subdivision 2 of section 2407 of the public authorities law, as 19 amended by chapter 85 of the laws of 2015, is amended to read as 20 follows: 21 (2) In connection with the issuance of bonds for the purpose of 22 furthering programs described in this title, the agency is authorized to 23 covenant and consent that the interest on any of its bonds, notes or 24 other obligations shall be includable, under the United States Internal 25 Revenue Code of 1986, as amended or any subsequent corresponding inter- 26 nal revenue law of the United States, in the gross income of the holders 27 of the bonds to the same extent and in the same manner that the interest EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14180-05-6A. 10668 2 1 on bills, bonds, notes or other obligations of the United States is 2 includable in the gross income of the holders thereof under said Inter- 3 nal Revenue Code or any such subsequent law. Pursuant to this subdivi- 4 sion, the agency shall not issue bonds, notes or other obligations in an 5 aggregate principal amount exceeding [eight hundred million] one billion 6 dollars, excluding from such limitation bonds, notes or other obli- 7 gations issued to refund outstanding bonds, notes or other obligations. 8 No such bond, note or other obligation shall be issued by the agency on 9 or after July twenty-third, two thousand seventeen, excluding bonds, 10 notes or other obligations issued to refund outstanding bonds, notes or 11 other obligations and no mortgages shall be purchased with the proceeds 12 of such bonds, notes or other obligations after such date. The board of 13 directors of the agency shall establish program guidelines for purposes 14 of bonds, notes or other obligations issued pursuant to this subdivi- 15 sion. The board of directors shall establish from time to time maximum 16 income limits of persons eligible to receive mortgages financed by 17 bonds, notes or other obligations issued pursuant to this subdivision, 18 which income limits with respect to one-third of the total principal 19 amount of mortgages authorized to be so financed shall not exceed one 20 hundred twenty-five percent of the latest maximum income limits permit- 21 ted under the Internal Revenue Code of 1986, as amended, for mortgagors 22 financed by mortgage revenue bonds, with respect to one-third of such 23 principal amount authorized to be so financed, shall not exceed one 24 hundred thirty-five percent of such income limits, and with respect to 25 one-third of such principal amount authorized to be so financed, shall 26 not exceed one hundred fifty percent of such limits, provided that 27 notwithstanding the foregoing, the maximum income limits of persons 28 eligible to receive mortgages financed by the agency under its neighbor- 29 hood revitalization program (and any successor program) shall not exceed 30 one hundred fifty percent of the latest maximum income limits permitted 31 under the Internal Revenue Code of 1986, as amended, for mortgagors 32 financed by mortgage revenue bonds. 33 § 3. This act shall take effect immediately.